The Board of Directors of s.a. D'Ieteren has decided to appoint by co-optation Mr. Pierre-Olivier Beckers as independent Director. The ratification of this appointment will be subjected to the approval of the shareholders at the Ordinary General Meeting of 5 June 2014. Pierre-Olivier Beckers replaces Christian Varin at the Board of Directors.
Mr. Varin had been appointed Director in 2001 on the proposal of s.a. Cobepa, which has ceased to act in concert with the family shareholders since 31 August 2013. Pierre-Olivier Beckers has worked from 1983 to 2013 within the Delhaize Group, of which he was the Chairman of the executive committee and managing director from 1999 to 2013; he is a Director of the Delhaize Group since 1995.
In existence since 1805, and across family generations, D'Ieteren Group (the Group) is an investment company seeking growth and value creation by building a family of businesses that reinvent their industries and search for excellence and meaningful impact. It currently owns the following businesses:
- Belron (50.30% in fully diluted economic rights at 31 December 2023, equity-accounted investee): worldwide leader in vehicle glass repair, replacement and recalibration;
- D'Ieteren Automotive (100% owned): distributor of Volkswagen, Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium and expanding into other mobility services;
- PHE (100% in economic rights - see note 2) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, The Netherlands, Luxemburg, Italy and Spain;
- TVH (40% owned - equity accounted-investee): leading global independent distributor for aftermarket parts for material handling, construction & industrial, and agricultural equipment;
- Moleskine (100% owned): develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform;
- D'Ieteren Immo (100% owned): groups together the Belgian real estate interests of D'Ieteren Group.